NEW ORLEANS – Dominion Exploration & Production, Inc.,
a wholly owned subsidiary of Dominion (NYSE:D), announces a significant discovery
on the Shelf in the Gulf of Mexico. The West Cameron Block 100 #1 was drilled
to 15,300 ft. in 41 feet of water, and encountered more than 140 feet gas pay
in three Marg A sands. Reserves are currently estimated at over 50 billion cubic
feet of gas equivalent. A delineation well, the West Cameron Block 100 #2, is
currently drilling. Dominion owns a 100 percent working interest in the lease
that was purchased in last year’s Central OCS Sale 178. Facility design is under
way with first production anticipated in the third quarter of this year.
“This is an exciting discovery for our Shelf Program,” said
Duane Radtke, president and CEO of Dominion E&P. “We are extremely proud of
our cycle time on this project – from discovery to first production in eight
months and from purchase to first production in only 17 months. The ability
to add production quickly is why we are committed to the Gulf of Mexico Shelf.”
The West Cameron 100 discovery, combined with producing fields
at West Cameron 76 and West Cameron 130, make the West Cameron Miocene trend
a core area for Dominion’s shelf activity. Dominion has a total of 17 blocks
in this trend with the addition of six apparent high bids on blocks in the recent
Gulf Sale 182. Eleven of the blocks are undrilled. Dominion plans to drill two
to three exploratory wells in the trend this year.
Dominion is one of the nation’s largest producers of energy,
with a production capability of more than 3 trillion British thermal units of
energy per day. Dominion Exploration and Production, Inc. is Dominion's exploration
and production subsidiary with more than 4.9 trillion cubic feet equivalent
of natural gas reserves and more than 450 billion cubic feet equivalent of annual
production. For more information about Dominion, visit the company’s web site
at www.dom.com.
